Here’s how Terra traders use arbitrage to profit from LUNA and bLUNA

Here’s how Terra traders use arbitrage to profit from LUNA and bLUNA


The end of the year is normally a time to wind down and prepare for the holiday season, but the last few weeks of 2021 saw a crypto market that showed no signs of resting. 

One of the headline-grabbing stories related to Terra reaching an all-time high in terms of the total value locked (TVL), and the project surpassed Binance Smart Chain (BSC) as the second-largest decentralized finance blockchain after Ethereum. After reaching the $20-billion TVL mark on Dec. 24, Terra’s TVL has come down to around $19.3 billion at the time of writing according to data from Defi Llama, but this is in no way, shape or form a bearish signal.

Top 5 total value locked on the top 5 blockchains. Source: Defi Llama

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Currently, Terra has

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